November, 2021

• 18 November

  Thailand rejects new attempt at ‘reforms’

  Bloomberg Thailand’s parliament voted yet again to reject a charter overhaul proposed by pro-democracy activists seeking to eliminate the legacy of the 2014 army coup. This was the second time in about a year that the parliament, dominated by royalist lawmakers, pushed back against the rewriting of the military-drafted constitution that anti-government protesters have been pushing for the past 16 ...

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• 18 November

  Bosnia must get on EU accession path or risk split, says int’l envoy

  Bloomberg Bosnia-Herzegovina must revive its bid to join the European Union to avert the possibility of the ethnically divided country being torn apart, the country’s top international envoy said. Among six EU hopefuls in the Western Balkans region, the country of 3.3 million is among the furthest from accession. The process has stalled since 2016 as its politicians bicker on ...

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• 18 November

  Investors bet $64 billion on US homes in record buying spree

  

  Bloomberg Real estate investors acquired a record 18% of US homes sold in the third quarter of 2021, wagering $64 billion that home prices and rents will continue to surge. Investors bought more than 90,000 homes in three months through September, up 10% from the prior quarter and 80% from a year earlier, according to a report by Redfin Corp. ...

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• 18 November

  UK inflation surges to highest in a decade

  

  Bloomberg UK inflation climbed faster than expected to the highest in a decade, heaping pressure on the Bank of England (BOE) to raise interest rates and tightening a squeeze on living standards for households. Consumer prices rise 4.2% from a year ago in October, driven by energy prices and the impact of broad-based supply shortages across the economy. That was the ...

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• 18 November

  Pacific storm adds supply chain woes, idles some Canada freight

  

  Bloomberg Traffic at Canada’s largest port has been cut off by what local officials are calling the storm of the century, the latest snag to hit the North American supply chain. Days of torrential rain have pelted British Columbia, triggering floods and landslides that have blocked the tracks of the nation’s two major railways and washed away parts of its ...

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• 18 November

  Euro area inflation seen peaking at 4.2%

  Bloomberg Euro area inflation will be faster than previously thought this year and next before slipping well below the European Central Bank’s goal in 2023, according to economists polled by Bloomberg. Consumer-price growth will peak at 4.2% late in the fourth quarter, above the previous prediction of 3.6%, according to the median forecast from the survey. A year later, the ...

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• 18 November

  EU targets key commodities in push to prevent deforestation

  

  Bloomberg The European Union (EU) will unveil new rules for companies selling six major commodities in a bid to cut global deforestation. The European Commission, the 27-nation bloc’s executive arm, wants the draft regulation to cover soy, beef, palm oil, wood, cocoa and coffee, as well as some derived products such as chocolate, leather and furniture. The plan will require ...

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• 18 November

  Asia stocks drop, futures waver; dollar holds gain

  

  Bloomberg Most Asian stocks fall on Wednesday as the dollar held around a one-year high, bolstered by robust US economic data that highlighted the case for tighter monetary policy and pushed up Treasury yields. MSCI Inc’s Asia-Pacific stock index snapped a four-day climb, with Japan lower amid slower export gains. US and European futures fluctuated. The S&P 500 extended a ...

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• 18 November

  The stock market’s big buyer is back with $1 trillion to spend

  

  Bloomberg The post-pandemic retail trading frenzy has drawn a lot of credit for driving stock prices to a series of record highs. Yet overlooked is the return of an even bigger force in the equity market: corporate America. From Apple Inc to Bed Bath & Beyond Inc, US companies have announced plans to buy $1.06 trillion of their own shares ...

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• 17 November

  UAE issues new law regulating labour relations in private sector

  

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the Federal Decree — Law No.33 of 2021 on the regulation of labour relations in the private sector that will take effect from February 2, 2022. The new decree-law seeks to enhance the elasticity, resilience and sustainability of the labour market nationwide, as well as ...

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